Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lakefront Development Lot with Beach Access Title is generated by Realmo AI

    Lot R2 Lakewood Dr, Edgemont, AR 72044

    View on Map
    Claim this Listing
    For Sale
    $279,000

    Gentle-slope lakefront lot with extensive shoreline on two sides and direct water access for a private backyard beach.

    Type:Land
    Added:
    May 21, 2026
    Days on Market:
    18
    Last Refresh:
    Jun 6 at 2:31 am

    Property Features for Lot R2 Lakewood Dr

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Katherine Smith

    Listing agent Katherine Smith

    Listing office Carlton Lake Realty

    Listing date May 21, 2026

    Source Exprealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Carlton Lake Realty

    HighLights

    • Lakefront development lot on Greers Ferry Lake in Edgewater Subdivision, served by public roads and easements
    • Approximately 240 ft of COE white line shoreline on two sides
    • Gentle‑slope building site designed for building close to the water (per favorable redline)
    • Direct lake access with a private swimming beach in the back yard
    • Seller plans to complete and record final survey, legal description, and required access, utility/drainage easements, and restrictive covenants before closing

    Overview

    This is a waterfront development lot within Edgewater Subdivision, offered as new construction lots that have never been on the market. The lakefront provides approximately 240 feet of COE “white line” shoreline on two sides, with favorable redline indicating the potential to build relatively close to the water. The building site is described as gently sloped, with easy lake access and room for a private swimming beach right in the back yard.

    The property is adjacent to, and will be served by, public roads and easements within the Edgewater Subdivision on Greers Ferry Lake. Lot lines, acreage, dimensions, and access location are approximate and subject to final survey, title review, and recorded easement and restriction documents.

    Because shoreline measurements, buildability, utility and drainage arrangements, and access are subject to final survey and recorded documents, buyer verification is important. The seller intends to complete and record the final survey, legal description, access easement, utility and drainage easements, and restrictive covenants prior to closing. Prospective buyers should confirm matters such as septic approval, restrictions, access, and title before proceeding.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Real Estate Agency Hotel & Motel Travel Agency Restaurant Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Edgemont
    County
    Cleburne
    State
    Arkansas
    Longitude
    -92.200259
    Latitude
    35.599482

    Nearby Similar for Sale

    • $135,000

      Lakefront Lot in Mystic Isle

      0.57 acre lakefront lot with lake views.
      Valhalla Drive lot: 51, Edgemont, AR 72044
      View Details
    • $399,500

      115 Acres of Arkansas Land

      Rugged land near Greers Ferry Lake, ideal for hunting.
      Old Brewer Rd, Edgemont, AR 72044
      View Details
    • $142,500

      Land Near Greers Ferry Lake

      Unrestricted 10.82 acres near Greers Ferry Lake.
      The Bluffs, Edgemont, AR 72088
      View Details
    • $75,000

      Land Near Greers Ferry Lake

      3+ acre lot near lake, ideal for building a house.
      215 Watersedge Drive, Edgemont, AR 72044
      View Details
    • $399,999

      Ozark Mountain Seclusion Land

      Secluded Ozark Mountain land with creeks and mature forests.
      Old Brewer Road N, Edgemont, AR 72044
      View Details
    • $49,900

      Greers Ferry Lake Waterfront Land

      Lakefront lot on Greers Ferry Lake in the Ozarks.
      Lower Ridge Circle lot: 66, Edgemont, AR 72044
      View Details
    • $50,000

      Waterfront Land in Edgemont, AR

      Lakefront lot with great views and easy water access.
      Tract 14 Weldon Rd., Edgemont, AR 72044
      View Details
    • $55,000

      Residential Lot in Edgemont, AR

      1.6 acre lot in quiet, desirable Edgemont neighborhood.
      TRACT 2 Waters Edge Drive, Edgemont, AR 72044
      View Details
    • $119,000

      Lakefront Lot in Edgemont, AR

      Lakefront lot with utilities ready for your vision!
      Valhalla Drive, Edgemont, AR 72067
      View Details
    • $55,000

      Residential Lot in Edgemont, AR

      1.6 acre lot in quiet, desirable Edgemont neighborhood.
      TRACT 1 Watersedge Drive, Edgemont, AR 72044
      View Details
    • $449,650

      Land in Cleburne County

      Land for sale in Edgemont, Arkansas.
      000 Old Brewer Rd, Edgemont, AR 72044
      View Details
    • $89,900

      Greers Ferry Lake Waterfront Land

      1.5-acre waterfront land with lake views in Edgemont, Arkansas.
      301 Watersedge Drive, Edgemont, AR 72044
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Gentle-slope lakefront lot with extensive shoreline on two sides and direct water access for a private backyard beach.
    Where is this waterfront land located?
    The property is located at Lot R2 Lakewood Dr Edgemont, AR.
    What is the asking price?
    The asking price for this property is $279,000.
    What are key features of this property?
    This property features: Lakefront development lot on Greers Ferry Lake in Edgewater Subdivision, served by public roads and easements; Approximately 240 ft of COE white line shoreline on two sides; Gentle‑slope building site designed for building close to the water (per favorable redline)
    (501) 365-6958
    We can help!
    Listing Contact
    Katherine Smith
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Lot R2 Lakewood Dr, Edgemont, AR 72044
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!